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The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority (HKMA) announced today (January 16) that the Financial Secretary, on the advice of the Governance Sub-Committee of the Exchange Fund Advisory Committee, has approved the following appointments:
(a) Mr Henry Cheng as Executive Director to take up the post of Executive Director (Banking Supervision) when Mr Nelson Man retires with effect from April 1, 2013;
(b) Mr Darryl Chan as Executive Director and to take over from Mr Howard Lee the post of Executive Director (Corporate Services) with effect from April 15, 2013; and
(c) Mr Howard Lee, currently Executive Director (Corporate Services), to take up the post of Executive Director (Monetary Management) with effect from May 1, 2013 when Mr Edmond Lau leaves the HKMA.
The CVs of the newly appointed Executive Directors, Mr Darryl Chan and Mr Henry Cheng, are attached (Annex).
The Chief Executive of the HKMA, Mr Norman Chan, said, "Nelson is a veteran banking supervisor who has contributed to the HKMA's work in ensuring banking stability during difficult times in the past 18 years, including the Asian Financial Crisis and the latest Global Financial Crisis." As for Mr Lau, Mr Chan said, "We are sorry to lose Edmond, who is leaving the HKMA to pursue further study. He has made invaluable contributions to the HKMA's work in ensuring monetary and financial stability and in enhancing Hong Kong's financial market infrastructure." Mr Chan added, "On behalf of the HKMA, I wish to thank Nelson and Edmond for their dedicated services and contributions to the HKMA over the years and wish them all the best in their future endeavours."
Ends/Wednesday, January 16, 2013
Issued at HKT 16:55
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